New car time *excited much*

ScottishCouple replied on 22/09/2019 20:54

Posted on 22/09/2019 20:54

Looking at possibilities for our next towcar (will also be our everyday car). We have always bought 2nd hand, but have seen the towcar of the year brand new on an affordable (to us) lease deal (less than £390 per month with just over £1k upfront - only 8k miles per year but that's fine for us).

2 questions...

1. Has anyone seen it on a better deal?

2. Does anyone know if you can fit a tow bar to a lease car?

Thanks in advance for your advice :)

EmilysDad replied on 22/09/2019 21:03

Posted on 22/09/2019 21:03

I would imagine the lease company would be the best people to ask as I would suspect that different companies have different rules. 

replied on 22/09/2019 21:07

Posted on 22/09/2019 21:07

No idea which car you are talking about. Presume 3 year lease?

ScottishCouple replied on 22/09/2019 21:09

Posted on 22/09/2019 21:03 by EmilysDad

I would imagine the lease company would be the best people to ask as I would suspect that different companies have different rules. 

Posted on 22/09/2019 21:09

You make a good point, though that means waiting until tomorrow lol.

Interesting twist though, I just found it here https://www.leaseloco.com/car-leasing/volvo/xc40/20-t4-r-design-pro-5dr-awd-geartronic/26688411 for the same price, but only a few days ago it shows as being £15 per month cheaper - so about £700 over the term of the lease (which should cover the cost of a tow bar ha ha).

Think I might just keep an eye on it to see if it drops again (will contact them tomorrow to ask about the towbar).

replied on 22/09/2019 21:21

Posted on 22/09/2019 21:21

Volvo XC 40?

flatcoat replied on 22/09/2019 22:19

Posted on 22/09/2019 22:19

Do you mean lease OR PCP? There is a significant difference. I would not recommend leasing for personal use. if you have to get out of the contract early you will pay a shed load of money in penalty. However at £390/ month I suspect you would be better in the long term getting a loan and buying the car. Otherwise go PCP however whatever you go for shop around and negotiate. You do not have to take their first price. Try sites such as carwow, drivethedeal, affinity.  

EmilysDad replied on 22/09/2019 22:53

Posted on 22/09/2019 22:19 by flatcoat

Do you mean lease OR PCP? There is a significant difference. I would not recommend leasing for personal use. if you have to get out of the contract early you will pay a shed load of money in penalty. However at £390/ month I suspect you would be better in the long term getting a loan and buying the car. Otherwise go PCP however whatever you go for shop around and negotiate. You do not have to take their first price. Try sites such as carwow, drivethedeal, affinity.  

Posted on 22/09/2019 22:53

Loads of lads at work have had personal lease cars over the past few years ... it's not what I'd want as I can't get over forking out £££££s for something I'll never own, however it seems to work for many.

Interestingly though, a few of them are now buying their own car 🤔

Oneputt replied on 23/09/2019 07:05

Posted on 23/09/2019 07:05

Not my thing PCP/leasing due to mileage limitations.  Due to fairly low interest rates If I couldn't afford a new car I would get a loan from my bank. Haven't brought a brand new car for years, usually let someone else take the big hit on deprecation

 

DavidKlyne replied on 23/09/2019 11:08

Posted on 23/09/2019 11:08

How long is the deal over? You always have the option of buying the car at the end of the deal, although that always seems like paying for it twice over!!!  You do sometimes seem to get a better deal interest rate wise on lease deals. In the olden days when the idea of personal lease deals were new there was always built in an element of "profit" for want of a better word which could be used as the deposit for the next car. This seems to have disappeared in recent years?

David

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